Fairfax Financial Holdings Limited
announces that it has agreed to purchase, through its subsidiaries, an
additional $250,000,000 principal amount of 6% unsecured subordinated
convertible debentures of BlackBerry Limited (NASDAQ: BBRY) maturing
on November 13, 2020 (the "Debentures"). The Debentures are
convertible at the option of the holder into common shares of BlackBerry
("Common Shares") at a price of $10.00 per Common Share. The
additional Debentures will be purchased pursuant to the exercise of an option
to purchase those Debentures that was granted in connection with
BlackBerry's previously-announced private placement of $1 billion
principal amount of Debentures.

Under the terms of a subscription agreement with BlackBerry dated November 4,
2013, Fairfax agreed that until November 13, 2014 neither it nor its affiliates
(the "Fairfax group") would beneficially own more than 19.9% or less
than 9.9% of the outstanding Common Shares. The additional Debentures are being
purchased for investment purposes. Fairfax intends to sell Common Shares over
time in order to rebalance its ownership in BlackBerry, subject to the
above-noted restrictions.

Assuming full conversion of the Debentures to be held by the Fairfax group, and
no other Debentures being converted, the Fairfax group would beneficially own
101,854,700 Common Shares or approximately 17.6% of the total Common Shares
outstanding (including upon such conversion) as of November 30, 2013 (or
approximately 15.6% if all other Debentures are converted).

An early warning report will be filed by Fairfax in accordance with applicable
securities laws and will be available on SEDAR at www.sedar.com or directly
from Fairfax.